CMX-2 Retail
2208 RIDGE AVENUE #C, Philadelphia, PA 19121
For Sale
Contact for pricing
A Philadelphia storefront in a neighborhood corridor with public transit access.
Property Size1,448 SF
Price / SF$0.69
Days on Market9
Property Features for 2208 RIDGE AVENUE #C
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Century 21 Integra - Newtown
(267) 352-8000
Listed By:
Ashley Butts · License PA #356824
(215) 869-9900
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Integra - Newtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 2208 Ridge Avenue, Unit C, was built in 2020 and carries a CMX-2 zoning designation.
The property is located along a neighborhood corridor described as having steady pedestrian activity, with public transit access nearby.
The property is located along a neighborhood corridor described as having steady pedestrian activity, with public transit access nearby.
Key Highlights
- CMX‑2 zoning designation
- Built in 2020
- Located on Ridge Avenue in Philadelphia
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,366
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,320
$327.3K
Cap Rate 7%
$233,800
$233.8K
Cap Rate 9%
$181,844
$181.8K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$26.1K $18.00/SF
− Vacancy
−$2.7K −$1.85/SF
EGI
$23.4K $16.15/SF
− OpEx
−$7.0K −$4.84/SF
NOI
$16.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,320
Cap Rate 7%
$233,800
Cap Rate 9%
$181,844
Alternative Uses
Best Use
Retail
$233.8K
$204.6K – $272.8K
NOI $16,366 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$353.0K
$308.9K – $411.8K
NOI $24,710 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 41%
Electronics 5%
Dining 5%
Dollar Tree
Shops & Services
9,126 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
8,579 visits/mo
0.2 miles
Santander Bank
Shops & Services
1,174 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
1,069 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
1,013 visits/mo
0.1 miles
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - A Philadelphia storefront in a neighborhood corridor with public transit access.
Where is this retail space located?
The property is located at 2208 RIDGE AVENUE #C Philadelphia, PA.
What are key features of this property?
This property features: CMX‑2 zoning designation; Built in 2020; Located on Ridge Avenue in Philadelphia
